The $16.1 billion Oklahoma Teachers’ Retirement System has committed $60 million to Starwood Global Opportunity Fund XI, according to Tom Spencer, executive director for the pension fund.
Starwood Global Opportunity Fund XI is managed by Starwood Capital Group, a private investment firm that primarily focuses on global real estate. The opportunistic real estate fund, which invests in U.S. and European properties, has a $6 billion equity fundraising target.
The fund has received commitments from a number of institutional investors, including The Teacher Retirement System of Texas, Texas County & District Retirement System, University of Vermont and
